USD/CHF choppy, but set to end session at 0.9170ish lows as risk appetite deteriorates

December 5, 2021

USD/CHF has been choppy on Friday, but slipped back to session lows around 0.9170 in recent trade.
The pair is being weighed as risk appetite ends the week on the back foot, favouring haven like CHF.

It’s been a choppy session but USD/CHF ultimately looks set to end the day lower by about 30 pips or just over 0.3%. The pair is currently trading at session lows in the 0.9170 area, having started the day to the north of the 0.9200 level, and is eyeing a test of this week’s lows at 0.9150. Unless USD/CHF can break below support before the NY close, which seems unlikely as volumes decline into the weekend, it seems the pair will be consigned to enter next week within the same 0.9150-0.9220ish range that has prevailed all week.